4
| Courts |

Down House Is the Latest Player in Treadsack's Bankruptcy Bowl

Is there not a trainwreck emoji?
Is there not a trainwreck emoji?
Photo by Chuck Cook
^
Keep Houston Press Free
I Support
  • Local
  • Community
  • Journalism
  • logo

Support the independent voice of Houston and help keep the future of Houston Press free.

Big thanks to the eagle-eyes over at Swamplot, who just reported on the not-unexpected filing of bankruptcy by Down House, the flagship Heights restaurant in the crumbling Treadsack empire.

The venerable restaurant's filing comes on the heels of a bankruptcy filing for Mothership Ventures, the entity behind Hunky Dory and Bernadine's.

Along with the initial filing, restaurant owners Chris Cusack and Joey Treadway are seeking a judge's approval to have access to enough cash to pay creditors and approximately 50 employees for the next two weeks.

The management of the Treadsack family of bars and restaurants came under scrutiny after the sudden closing of a nationally lauded restaurant, Foreign Correspondents, and its adjacent bar, Canard, in late 2016. The restaurants have incurred at least $1.1 million in federal tax liens, and hundreds of thousands in unpaid state taxes.

The group has also been sued by an early investor, who has claimed that Cusack and Treadway have blocked access to the establishments' books.

Cusack and Treadway have not responded to multiple requests for comment, but, based on Cusack's Facebook postings, the darling of Houston food media seems to be taking everything in stride.

On March 30, prior to the Down House filing, Cusack wrote:

"We've filed Chapter 11 for Hunky Dory and Bernadine's so we can restructure our debt and continue to operate. This was a very difficult decision, but the chance to save the businesses that all of our employees have worked so hard to build, and so many of our guests have supported, made it so obvious that this is worth fighting for."


Cusack also wrote that he was "feeling blessed," a sentiment effectively underscored by an angel emoji. Oy.

We hope to have more soon.

Keep the Houston Press Free... Since we started the Houston Press, it has been defined as the free, independent voice of Houston, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Houston with no paywalls.

We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking 'X' or continuing to use the site, you agree to allow cookies to be placed. To find out more, visit our cookies policy and our privacy policy.

 

Join the Press community and help support independent local journalism in Houston.

 

Join the Press community and help support independent local journalism in Houston.